The bitcoin frenzy is now making its way into the real estate sector.
Samantha DeBianchi, founder of DeBianchi Real Estate, based in Ft. Lauderdale, Fla. and a cast member of Bravo TV’s Million Dollar Listing Miami said some buyers are cashing in their bitcoin to buy real estate.
“There was someone in Texas who was buying a $4 million home and when he came to the closing table, he converted it to U.S. dollars,” she said, adding that he made an extra $1 million on the cash-out and bought a Lamborghini.
While sellers aren’t accepting bitcoin just yet – it must be converted to dollars – DeBianchi sees a world where real estate sellers will accept the cryptocurrency.
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